National Bank of Canada FI lifted its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 469.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 80,960 shares of the company's stock after purchasing an additional 66,752 shares during the period. National Bank of Canada FI's holdings in Coca-Cola Europacific Partners were worth $6,220,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Franklin Resources Inc. boosted its holdings in Coca-Cola Europacific Partners by 15.9% in the fourth quarter. Franklin Resources Inc. now owns 762,977 shares of the company's stock valued at $58,604,000 after acquiring an additional 104,423 shares during the last quarter. Cannell & Spears LLC boosted its stake in shares of Coca-Cola Europacific Partners by 17.8% in the 4th quarter. Cannell & Spears LLC now owns 226,634 shares of the company's stock valued at $17,408,000 after purchasing an additional 34,185 shares during the last quarter. Axiom Investors LLC DE boosted its stake in shares of Coca-Cola Europacific Partners by 52.4% in the 4th quarter. Axiom Investors LLC DE now owns 112,125 shares of the company's stock valued at $8,612,000 after purchasing an additional 38,541 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Coca-Cola Europacific Partners by 4.0% during the fourth quarter. Wellington Management Group LLP now owns 480,085 shares of the company's stock worth $36,919,000 after buying an additional 18,300 shares during the last quarter. Finally, RWA Wealth Partners LLC lifted its holdings in Coca-Cola Europacific Partners by 1.6% in the fourth quarter. RWA Wealth Partners LLC now owns 53,756 shares of the company's stock valued at $4,129,000 after buying an additional 864 shares during the period. 31.35% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of analysts have commented on the stock. UBS Group lifted their target price on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Barclays lifted their price objective on Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the stock an "overweight" rating in a research note on Friday. Kepler Capital Markets cut Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday, February 25th. Finally, Evercore ISI boosted their target price on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $87.13.
Check Out Our Latest Report on CCEP
Coca-Cola Europacific Partners Stock Up 1.9 %
Shares of CCEP traded up $1.61 on Friday, hitting $86.60. The company's stock had a trading volume of 2,756,288 shares, compared to its average volume of 1,687,449. The firm's fifty day moving average price is $84.58 and its 200-day moving average price is $79.73. Coca-Cola Europacific Partners PLC has a fifty-two week low of $65.94 and a fifty-two week high of $91.29. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $39.92 billion, a price-to-earnings ratio of 17.82, a P/E/G ratio of 4.89 and a beta of 0.73.
About Coca-Cola Europacific Partners
(
Free Report)
Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. It offers flavours, mixers, and energy drinks; soft drinks, waters, enhanced water, and isotonic drinks; and ready-to-drink tea and coffee, juices, and other drinks.
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